Obama Supports Universal Basic Income. So Do Some Of World’s Wealthiest Tech Founders

Former U.S. President Barack Obama and Amazon founder Jeff Bezos have both expressed an interest in universal basic income, a model for providing all citizens with money to increase equality and reduce poverty, regardless of income, resources or employment status.

While speaking Tuesday at the 16th annual Nelson Mandela Lecture in Johannesburg, Obama supported universal basic income as an economic policy “that is far to the left of anything being proposed by most sitting U.S. politicians,” Mic reported.

“It’s not just money that a job provides,” Obama said in a portion of his speech devoted to economic policy. “It provides dignity and structure and a sense of place and a sense of purpose. So we’re gonna have to consider new ways of thinking about these problems, like a universal income.”

Whoa Obama just endorsed a UBI.

“It’s not just money that a job provides. It provides dignity and structure and a sense of place and a sense of purpose. So we’re gonna have to consider new ways of thinking Click here to read entire article